04/12/19 01:13 UTC-5

KPMG officially launched the blockchain platform for tracking shipments

OtherKPMG has launched a blockchain platform for supply chain tracking
KPMG has launched a blockchain platform for supply chain tracking

The KPMG auditing company, part of the Big Four, announced the official launch of a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform for tracking production processes in China, Japan and Australia. 


An innovative find

The developed tool is able to track all industrial activities in agriculture, food production, financial services and many other sectors. This increases the transparency and efficiency of processes, while reducing their complexity. The invention was called – KPMG Origins. Cryptocurrency news notes that the launch will take place after pilot tests in the markets of different countries. The pioneers who agreed to try KPMG Origins are: SunRice product exporter, Mitchell Wines wine distributor, and Canegrowers sugarcane producer.

Laszlo Peter, head of KPMG on the Asia-Pacific blockchain service, commented:

The platform is based on in-depth work in highly specialized fields, as well as on cooperation between different jurisdictions to ensure multilingualism, standards and principles that accelerate the development of distributed ecosystems.

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See also: "Sri Lankan Central Bank is looking for blockchain companies to identify customers"

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Editor: Alyona Deryabina